SmartCentres Real Estate Investment Trst (TSE:SRU.UN) Stock Crosses Below 50-Day Moving Average – Here’s Why

SmartCentres Real Estate Investment Trst (TSE:SRU.UN) crossed below its 50-day moving average during trading on Friday. The stock has a 50-day moving average of C$27.05 and traded as low as C$27.03. SmartCentres Real Estate Investment Trst shares last traded at C$27.16, with a volume of 336,792 shares traded.

SmartCentres Real Estate Investment Trst Price Performance

The company has a debt-to-equity ratio of 80.88, a quick ratio of 0.10 and a current ratio of 0.17. The firm’s fifty day moving average is C$27.05 and its two-hundred day moving average is C$28.44. The company has a market cap of C$4.63 billion, a P/E ratio of 29.47 and a beta of 0.80.

SmartCentres Real Estate Investment Trst (TSE:SRU.UN) last released its earnings results on Thursday, August 6th. The company reported C($0.83) earnings per share (EPS) for the quarter. SmartCentres Real Estate Investment Trst had a return on equity of 5.35% and a net margin of 29.07%. The business had revenue of C$225.96 million for the quarter. As a group, analysts anticipate that SmartCentres Real Estate Investment Trst will post 1.93 earnings per share for the current fiscal year.

About SmartCentres Real Estate Investment Trst

SmartCentres is one of Canada’s largest fully integrated REITs, with a best-in-class and growing mixed-use portfolio featuring 200 strategically located properties in communities across the country. SmartCentres has approximately $12.3 billion in assets consisting of income producing value-oriented retail, purpose-built rental, first-class office and self-storage properties. SmartCentres owns 35.5 million square feet of leasable space with 97.6% in place and committed occupancy, on 3,500 acres of owned land across Canada.